The price of peaches goes up and I observe you buying more strawberries.This implies that strawberries must be an inferior good.
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Q1: Quasilinear goods are borderline goods between the
Q2: Every luxury good is a normal good
Q4: A change in the price of one
Q5: Except for the case of Giffen goods,
Q6: Every necessity is a normal good, but
Q7: The price of peaches goes up and
Q8: The price of peaches goes up and
Q9: Every Giffen good is a necessity but
Q10: Goods with small substitution effects tend to
Q11: All homothetic goods are normal goods.
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